BLOCKCHAIN ARGENTINA FOUNDATION ALERTED ABOUT RISKS ON THE JGYFBC PLATFORM

JGYFBC Platform Under Scrutiny for Scams

The Blockchain Argentina Foundation has issued a strong warning about the JGYFBC platform, alerting users to potential scam risks. According to a statement, the application pretended to be an investment scheme based on smart contracts with supposed audits, promising "guaranteed returns." However, it was discovered that users' funds were being diverted to external wallets controlled by the alleged scammers, far from the transparency and security associated with blockchain technology.

Investor recruitment was mainly carried out through WhatsApp groups, where supposed "influencers" and "advisors" guided victims in the deposit process. This methodology is a common tactic in Ponzi or pyramid schemes, where the aim is to generate trust and urgency to attract new funds. The Blockchain Argentina Foundation emphasizes the importance of due diligence and education in the crypto space, as investments in these assets are unregulated and carry a high risk of total loss. The warning seeks to protect the community from the inherent dangers of platforms that operate under false premises and unrealistic promises.

The Blockchain Argentina Foundation Provides Support

In light of this situation, the foundation is offering free legal advice to validate the scam and determine the next steps; filing complaints with UFECI; promoting claims before the National Securities Commission (for misleading offers of unauthorized financial products), the Financial Information Unit (for suspicious money laundering operations), and Consumer Protection (for abusive practices), in addition to publishing technical reports with recommendations to identify and prevent these types of frauds.